It's important to keep in mind that there are some excellent lower-tier prizes of significant value that may be won, and the likelihood of winning one of these prizes is not as remote as you may believe, even if the enormous jackpots frequently make the news. Even though they don't require as much luck to win as the jackpots, some of these lower-level rewards can nevertheless amount to large sums of money. Even if you only recover your initial investment, it's still better than nothing!

Cognitive Distortion

People tend to think about the best events after the possibility of winning the lottery. People use the positive thinking. The odds are 1 in 14,000,000! In comparison, the odds to die in a plane crush are 1: 350,000 or to be bitten by the dog are 1: 700,000! So you are lucky to die than to win in the lottery.

Which of the other higher tiers offers the best chances of receiving a prize of greater value? The odds of winning these higher prize levels vary greatly between lotteries, as shown in the table below, and they frequently offer a sizable reward even if the player does not match all of the winning numbers.

For instance, Powerball has far better chances of winning a million dollars than Mega Millions. Furthermore, the Irish Lottery frequently offers comparable prizes while offering greater odds of winning than the UK National Lotto.

Everyone hopes to win the big prize and hit the jackpot. But despite broad variations in jackpot sizes and winning chances, it is generally true that the top reward is tougher to win the larger it is.

The Spanish Christmas Lottery (Sorteo Extraordinario de Navidad), which is more of a huge national raffle than a lottery, has the jackpot with the best chances, with the top prize known as "El Gordo" or "the Fat One" set at €4 million. However, wagers on this yearly lottery are divided and sold in shares of ten known as décimos, and one would need to buy 10 shares of the same number to win the full prize, greatly raising the cost compared to other entries on the list.

Though the odds of winning the prize are extremely slim (1 in 100,000)

The Polish Mini Lotto has the best odds of all the weekly lottery games, despite having relatively modest fixed payouts. The Austrian, Polish, and Irish Lottos are all excellent choices that strike a mix between cost, jackpot amount, and winning odds.

The odds of winning the US Powerball lottery are marginally greater than those of the Mega Millions lottery for prizes that have exceeded the unbelievable figure of €1.1 billion.

WHERE CAN I FIND THE WORST ODDS LOTTERY?

Given that there are just three primary prize categories, the Brazilian Mega-Sena has the worst odds of any major lottery when it comes to winning any reward, at 1 in 2,298; nevertheless, the odds of winning the jackpot are greater than those of EuroMillions, PowerBall, and MegaMillions.

The SuperEnalotto lottery in Italy has the lowest odds of any of the biggest lotteries in the world of winning a significant jackpot, at 1 in 622,614,630. However, it must be acknowledged that this lottery is incredibly well-liked and that there are excellent odds of winning any prize—as low as 1 in 16 if selecting the Super Star Option. Currently, the largest SuperEnalotto record jackpot is €209.1 million, barely €900,000 shy of the record for the Euromillions game of €210 million.

Our Conclusion

Overall, the odds of winning in the lottery are so miserable that the chances of everything else in your life are much higher. So, when you want to buy a lottery ticket, do remember, the win is not possible. You will lose your money.